H.R. 8620 · 116th Congress
To permit payments for certain business software or cloud computing services as allowable uses of a loan made under the Paycheck Protection Program of the Small Business Administration.
- Stage
- In committee
- Sponsor
- David Scott
- Introduced
- 2020-10-16
- Latest action
- 2020-10-16 · Introduced in House
Summary
This bill expands allowable and forgivable uses of a loan made pursuant to the Paycheck Protection Program, enacted to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include payment for any business software or cloud computing service that facilitates certain business operations or processes.